Air quality alerts and record temperatures are stark evidence of material environmental problems, with many sources, particularly for individuals with compromised immune systems. You don’t have to be a believer or nonbeliever in climate change/global warming to realize that there is a problem. The question is, what to do about it? Reducing dependence on fossil fuels and electrifying motor vehicles may prove to be helpful. But these are long-term approaches, and, without a global buy-in, may prove to be relatively ineffective. Many health issues are now.
Addressing near-term health issues and supporting longer term solutions are not mutually exclusive, suggesting that there are likely to be attractive opportunities for investment as new, potential solutions surface.
All comments and suggestions are welcome.
Walter J. Kirchberger, CFA